Deadline of this Job: 18 September 2022
JOB DETAILS:Responsibilities
The Lease Interns will be responsible for handling leasing activities at the branch level including review and or appraisal of business proposal, visiting potential agro enterprises and liaising with potential suppliers. The intern will be reporting to the Lease Officer and will have the following tasks and responsibilities.
• Source/market/originate lease accounts
• Analyse, evaluate, package and review lease applications
• Prepare lease proposals and submit them to Lease Officer further review before the latter presents them to the appropriate approving authorities
• Implement/document approved lease accounts
• Ensure completeness of all required documents
• Coordinate with other units of the Company in the implementation, and supervision of accounts including the resolution of problematic lease assets.
• Handle the resolution of problem lease accounts in coordination with legal servicing unit and other concerned units.
• (h) Ensuring that all legal documents have been properly perfected and stored accordingly
• Conduct quarterly comprehensive lease portfolio review
• (j) Conduct spot/random checking on lease transactions to recognize and immediately correct deficiencies/lapses.
This shall be done from time to time to check compliance to the pre-and post-release conditions of any approved lease facility.
• (k) Ensure that the lease assets are adequately and always insured as per Company’s requirements.
• (l) Ensure that all lease facilities are adequately monitored, and immediate actions are taken on those which become past due/classified and/or shows early signals of default. It is the responsibility of the lease Intern to ensure that there is an adequate and effective process that guarantees daily lease portfolio management and supervision.
• (m) Ensure adequate lease portfolio supervision when a lessee shows signs of under-performance, distress or business crisis and involve relevant internal specialists in recovering the outstanding lease balance.
• (n) Ensure repossession and recovery processes are done as per the policy.
• (o) Conduct special reviews as the need arises or upon instruction of senior management
• (p) Any other duties assigned by the management.
Qualifications and Experience:
• A good academic background, minimum bachelor’s degree in agricultural field, preferably in agricultural economics, crop production, business administration or any similar qualification backed up extensive experience in business analysis.
Deadline of this Job: 25 September 2022
JOB DETAILS:Collection and Recovery Intern
Summary:
The Collection and Recovery Intern is responsible for making sure that all bad loans above 90 days and written off from group loan clients are been followed and the necessary recovery actions are being taken.
The basic functions are as follows:
• Monitor and report on arrangements made with delinquency and written off clients for outstanding debts.
• Provide daily payment reports on normal and written off loans from groups’ clients.
• Provide advice to late payers to help negotiate a reduction in any amounts owing.
• Telephone contact and field physical visit to late payers/debtors who are above 90days and written off clients from group clients.
• Investigation and allocation of unidentified and lost payments.
• Provide daily, weekly and monthly recovery report to branch manager/ branch supervisor and Head of Collections and Recovery on demand
• Manage FINCA corporate image through maintaining integrity at all times
• Ensure to maintain confidentiality of customer information and the company
• Other duties may be assign by supervisor.
• Collection and Recovery Intern Job Vacancy at FINCA Microfinance Bank (T) Limited
Education and / Experience:
• Diploma or Degree in any related discipline of study
• Understanding of legal processes in relation to debt recovery
• Must be able to work with minimal supervision